Detached Triplex with Private
For Sale
$2,250,000
2401 Avenue L, Brooklyn, NY 11210
MULTI_FAMILY - Brooklyn, NY
Property Size4,071 SF
Lot Size0.06 Acres
Price / SF$552.69
Days on Market57
Property Features for 2401 Avenue L
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R2
Bedrooms
8
Bathrooms
4
Full bathrooms
3
Rooms
Bedroom 7, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 4, Bathroom 3, Bathroom 2, Bedroom 6, Bedroom 5, Bedroom 8, Bathroom 1, Bedroom 4
Interior features
Refrigerator, Stove
Basement
Finished
Subdivision
Midwood
Standard status
Active
Size
4,071 SF
Lot size
0.06 Acres
Taxes and HOA fees
Tax Annual Amount
14455
Building Details
Year built
1920
Number of units
2
Flooring type
Tile, Carpet, Hardwood
Building materials
Wood Frame
Roof type
Shingle
Listing Agency:
Behfar Team, LLC
(347) 988-2526
Listed By:
Karen Behfar
(347) 988-2526
Added: Jun 29
Changed: Aug 4
Last Checked: Aug 24 at 11:06AM
MLS# 502644
Copyright © 2026 Brooklyn New York Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2401 Avenue L presents a detached triplex on a 0.0643-acre lot with 4,071 square feet of interior space. Built in 1920, the wood-frame structure is topped with a shingle roof and features carpet, tile, and hardwood flooring throughout. Inside, the main level includes a foyer with two coat closets, living and dining rooms with hardwood flooring, an oversized eat-in kitchen with two sinks, stainless steel appliances, and abundant cabinetry. Two bedrooms and a full bathroom complete this level.
The second floor offers four bedrooms, a full bathroom, a laundry area, and an additional common space. The third level provides two more rooms, another full bathroom, and ample storage. A finished basement adds a large recreation and family room, an additional laundry area, extensive storage, and a three-quarter bathroom.
Outside, the property includes a private driveway, a detached garage, and a spacious backyard. The home is located in Midwood near public transportation and houses of worship.
The second floor offers four bedrooms, a full bathroom, a laundry area, and an additional common space. The third level provides two more rooms, another full bathroom, and ample storage. A finished basement adds a large recreation and family room, an additional laundry area, extensive storage, and a three-quarter bathroom.
Outside, the property includes a private driveway, a detached garage, and a spacious backyard. The home is located in Midwood near public transportation and houses of worship.
Key Highlights
- R2 zoning
- 0.0643‑acre lot with 4,071 square feet
- Detached triplex with private driveway, detached garage, and spacious backyard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$142,573
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,851,460
$2.9M
Cap Rate 7%
$2,036,757
$2.0M
Cap Rate 9%
$1,584,144
$1.6M
Market Conditions
NOI Build-Up for 4,071 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$207.6K $51.00/SF
− Vacancy
−$3.9K −$0.97/SF
EGI
$203.7K $50.03/SF
− OpEx
−$61.1K −$15.01/SF
NOI
$142.6K $35.02/SF
Area
Brooklyn, NY
Vacancy
1.90%
Lease Rate
$51.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,851,460
Cap Rate 7%
$2,036,757
Cap Rate 9%
$1,584,144
Alternative Uses
Best Use
Multifamily LT 5
$2.04M
$1.78M – $2.38M
NOI $142,573 @ 7.0% cap · market cap 6.34%
Second Best
Apartment 5plus
$1.78M
$1.55M – $2.07M
NOI $124,283 @ 7.0% cap · market cap 5.52%
Theoretical Best
Specialty Retail
$3.37M
$2.95M – $3.93M
NOI $235,955 @ 7.0% cap · market cap 10.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,688
Businesses Nearby
Explore this area
Business Placement
Demographics for 11210, NY
62,805
Population
22,817
Households
2.8
Avg Household Size
38
Median Age
39%
College-Educated
89%
High-School Grad
1.6 sq mi
ZIP Area
39,253
Density / Sq Mi
$83,261
Median Household Income
$50,286
Median Earnings
$1,734
Median Rent
$817,600
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R2-zoned detached triplex with private driveway, detached garage, and spacious backyard.
Where is this triplex located?
The property is located at 2401 Avenue L Brooklyn, NY.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: R2 zoning; 0.0643‑acre lot with 4,071 square feet; Detached triplex with private driveway, detached garage, and spacious backyard
